- Mukesh Buch
- 11 Sep, 2013
- New York City
Coldwater Creek plunged after same store sales declined 7.3% and loss narrowed. Restoration Hardware net swung to a loss. Synnex to buy IBM''s worldwide customer care unit valued $505 million. Verizon launched $49 billion bond. Xoom priced public offering at $30.50 per share.
- Nichole Harper
- 12 Sep, 2013
- New York City
Stocks on Wall Street edged lower and dollar was in focus and crude oil and gold trended lower after Syria tensions eased. Dell Inc shareholders approved company plan to go private in $25 billion deal. Hilton Worldwide files to raise as much as $1.25 billion. FaceBook Inc trades at a new high.
- Hiruki Nakamura
- 12 Sep, 2013
- New York City
Stocks in Tokyo fell for the second day in a row and the yen hovered near a 6-week low. Core machinery orders were unchanged in July. Mitsubishi Motors plans to raise as much as $2 billion to repurchase preferred shares held by affiliates. Sharp is expected to raise $1.5 billion.
- Marcus Jacob
- 12 Sep, 2013
- New York City
Australian look ahead to interest rate decision at the next meeting of policy makers after employment in August month declined 10,800. The broad weakness across many industries lifted hopes of another rate cut and labor participation rate declined to 65%.
- Nichole Harper
- 11 Sep, 2013
- New York City
U.S. market indexes traded sideways and rebounded in the early afternoon. Weakness in Apple dragged S&P 500 index lower. Verizon launched $49 bond offering to pay for the remaining stake in its wireless unit. Xoom Corp trades higher after it completed its secondary offering.
- Hiruki Nakamura
- 11 Sep, 2013
- New York City
Market indexes in Tokyo closed nearly flat and the yen weakened. NTT DoCoMo announced its plan to offer popular iPhone gadgets from Sept 20 to halt market share slide. Retail investors stay focused on real estate companies.
- Nigel Thomas
- 11 Sep, 2013
- New York City
Home builder Barratt said profit jumped 11% on rising housing demand. Ithaca Energy surged on positive oil field test results. Kingfisher profit soared 70% and Sports Direct profit climbed 23%. Tesco agreed to sell its U.S. based 150 Fresh & Easy stores for up to
- Marcus Jacob
- 11 Sep, 2013
- New York City
Australian market indexes closed at a 5-year after a batch of positive economic data from China and consumer confidence index gained locally. The Australian dollar firmed. Charter Hall agreed to buy Perth based shopping center from Westfield for $225 million.
- Nichole Harper
- 10 Sep, 2013
- New York City
Stocks on Wall Street gained and S&P 500 index advanced for the sixth day in a row after concerns about military strike against Syria eased and China reported another batch of positive economic data. Market indexes in Europe and Asia soared and crude oil eased more than $2 a barrel.
- Mukesh Buch
- 10 Sep, 2013
- New York City
Crocs lowered its third quarter revenue outlook. Five Below surged after net swung to profit as sales soared 35%. HD Supply plunged after quarterly net loss widened. PVH net swung to a loss of $16 million but revenue climbed 47%. Twitter buys MoPub for $300 million.
- Marcus Jacob
- 10 Sep, 2013
- New York City
Australian stocks closed higher and business confidence index gained in anticipation of election results. Tabcorp won an extension of a gambling license for 20 years. Santos acquired 60% stake in a wet gas project and committed investment to accelerate commercialization.
- Nigel Thomas
- 10 Sep, 2013
- New York City
Ashmore jumped after fiscal year update. Amiad Water dropped after profit slid. Glencore raised its estimate of synergies to $2 billion from Xstrata takeover. Jaguar plans to invest
- Nichole Harper
- 09 Sep, 2013
- New York City
Market indexes in New York gained after three large deals were announced today. Neiman Marcus agreed to be sold for $6 billion. Billionaire Koch Brothers agreed to buy Molex for $7.2 billion. Glaxo sold its nutrition drinks business to Japan based Suntory for
- Mukesh Buch
- 09 Sep, 2013
- New York City
AEP Industries net tumbled 85%. Delta Air Lines to replace BMC Software in the S&P 500 index. Hi-Tech Pharmacal profit declined 24%. Hovnanian net plunged 76%. Koch will acquire Molex for $7.2 billion in cash. Stewart Enterprises net dropped 14%.
- Hiruki Nakamura
- 09 Sep, 2013
- New York City
Nikkei index in Tokyo soared after Tokyo was selected to host summer 2020 Olympic Games. Real estate companies led the advance of 2.5% in the Nikkei. Japan revised higher second quarter economic growth to an annual rate of 3.8% and the yen declined 0.6%.